Xpert4growth: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Xpert4growth
Largest movements
- Cash +€13,369
up €13,369 (+22.8%), from €58,685 to €72,054
mainly Net result for the year (+€44,610) and Deferred charges and accrued income (+€810)
- Receivables within one year +€9,558
up €9,558 (+142%), from €6,725 to €16,283
of which Trade receivables: +€8,344
- Reserves +€24,862
new in 2026: €24,862
- Profit (loss) carried forward +€19,748
up €19,748, from -€19,748 to €0
- Other debts -€10,167
down €10,167 (-21.2%), from €47,922 to €37,755
- Trade debts -€8,877
down €8,877 (-78.0%), from €11,388 to €2,511
- Tax, wage and social debts -€3,696
down €3,696 (-40.6%), from €9,105 to €5,408
of which Taxes: -€3,550
- Gross operating margin +€57,653
up €57,653, from -€2,330 to €55,323
- Taxes +€7,911
up €7,911 (+4,612%), from €172 to €8,082
- Other operating charges -€976
down €976 (-62.3%), from €1,568 to €592
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,477 | €89,136 | +€21,659 | +32.1% |
| Fixed assets | 21/28 | €1,256 | €799 | -€458 | -36.4% |
| Tangible fixed assets | 22/27 | €1,256 | €799 | -€458 | -36.4% |
| Plant, machinery and equipment | 23 | €1,256 | €799 | -€458 | -36.4% |
| Current assets | 29/58 | €66,221 | €88,337 | +€22,116 | +33.4% |
| Amounts receivable within one year | 40/41 | €6,725 | €16,283 | +€9,558 | +142% |
| Trade receivables | 40 | €6,725 | €15,069 | +€8,344 | +124% |
| Other amounts receivable | 41 | €0 | €1,214 | +€1,214 | |
| Cash at bank and in hand | 54/58 | €58,685 | €72,054 | +€13,369 | +22.8% |
| Deferred charges and accrued income | 490/1 | €810 | €0 | -€810 | -100% |
| Total equity and liabilities | 10/49 | €67,477 | €89,136 | +€21,659 | +32.1% |
| Equity | 10/15 | -€1,148 | €43,462 | +€44,610 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €24,862 | +€24,862 | |
| Distributable reserves | 133 | - | €24,862 | +€24,862 | |
| Profit (loss) carried forward | 14 | -€19,748 | €0 | +€19,748 | |
| Amounts payable | 17/49 | €68,625 | €45,674 | -€22,951 | -33.4% |
| Amounts payable within one year | 42/48 | €68,415 | €45,674 | -€22,741 | -33.2% |
| Trade debts | 44 | €11,388 | €2,511 | -€8,877 | -78.0% |
| Suppliers | 440/4 | €11,388 | €2,511 | -€8,877 | -78.0% |
| Taxes, remuneration and social security | 45 | €9,105 | €5,408 | -€3,696 | -40.6% |
| Taxes | 450/3 | €6,655 | €3,105 | -€3,550 | -53.3% |
| Remuneration and social security | 454/9 | €2,450 | €2,303 | -€147 | -6.0% |
| Other amounts payable | 47/48 | €47,922 | €37,755 | -€10,167 | -21.2% |
| Accrued charges and deferred income | 492/3 | €210 | €0 | -€210 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €458 | €458 | = | 0.0% |
| Other operating charges | 640/8 | €1,568 | €592 | -€976 | -62.3% |
| Gross operating margin | 9900 | -€2,330 | €55,323 | +€57,653 | |
| Operating profit (loss) | 9901 | -€4,356 | €54,274 | +€58,630 | |
| Financial income | 75/76B | €118 | €0 | -€118 | -100% |
| Recurring financial income | 75 | €118 | €0 | -€118 | -100% |
| Financial charges | 65/66B | €1,765 | €1,582 | -€183 | -10.4% |
| Recurring financial charges | 65 | €1,765 | €1,582 | -€183 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,003 | €52,692 | +€58,695 | |
| Income taxes | 67/77 | €172 | €8,082 | +€7,911 | +4,612% |
| Profit (loss) for the period | 9904 | -€6,175 | €44,610 | +€50,784 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,175 | €44,610 | +€50,784 |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.